Toby Crabel

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William "Toby" Harrison Crabel (born 1955)[1] is a United States self made millionaire commodities trader, The Financial Times called Crabel "the most well-known trader on the counter-trend side"[1]He is the fund manager of "Crabel Capital Management".[2] Crabel Capital Management ranked number 101 out of 196 funds on Absolute Return magazine list Absolute Return survey of U.S. groups with more than $1 billion AUM, July 2005.[3]. The latest current ranking of the top 196 money managers in the country. Mr Crabel manages 2.8 billion dollars and had a growth of 16.7% in 2005. A producer of consistent returns whatever the weather, Crabel has avoided having a losing year from 1991 to 2002. [2] Crabel is also an author, has written the book Day Trading with Short-term Price Patterns, which can be found on eBay for upwards of $1,000 a copy.[3]


Contents

[edit] Education

University of Central Florida, majored in finance.[4]

[edit] Career

In 1975 while attending college Toby began to trade the markets. In the late 1980s, Crabel published a series of articles detailing various short-term price patterns for futures trading.[5] He played professional tennis for three years and went on to work as a trader for Victor Niederhoffer at his firm in New York while also giving short-term market advice to floor traders. He left Niederhoffer Investment in 1993 to focus fully on managed futures trading.[4] During 1998 he ran his hedge fund out of his house in the middle of some cornfields northwest of Milwaukee.[1] Since January 1992 he was running his flagship Diversified Futures program which closed to new investments in 2001 and has had positive returns without having a losing year since its inception. [6]

He currently manages private client funds though Crabel Fund Ltd for non-US clients and through Crabel Fund LP for US clients. The current assets under management are over $3.2B.[7] Crabel manages all this funds with a staff of no more than 80 people,[5] including 31 researchers and 28 traders.[6]

Crabel Capital Management ranked number 101 out of 172 funds on Absolute Return magazine list Absolute Return survey of U.S. groups with more than $1 billion AUM, July 2005.[3]

[edit] Personal

Toby subscribes to Ayn Rand's Objectivism philosophy and owns an extensive Romantic realism art collection.[8]

[edit] Bibliography

Crabel, Toby (1990). Day Trading With Short Term Price Patterns and Opening Range Breakout. Traders Press. ISBN 0-934380-17-1. 

[edit] References

CTA Profile. Autumn Gold (Aug 16, 2006). Retrieved on 2006-08-15.

[edit] Notes

  1. ^ a b Harmon, Amy. "Talk, Type, Read E-Mail", Technology, The New York Times, July 23, 1998. Retrieved on 2008-05-23. 
  2. ^ Franiak, Frank J.. "Managed Futures", Futures Industry Association Featured Article, Futures Industry Magazine, August 2000. Retrieved on 2006-08-15. 
  3. ^ a b Cohen, Barry. "Billion dollar club keeps growing", Research, Absolute Return magazine, September 2005. Retrieved on 2006-11-19. 
  4. ^ Network 2002. Speaker Bios. Managed Funds Association (Feb 3, 2002). Retrieved on 2006-08-15.
  5. ^ Hartle, Thom. "Opening shots", Trading Strategies, Active trader, April 2003, pp. 23. Retrieved on 2006-11-19. 
  6. ^ "Lock and Load", Features, MarHedge, 2006. Retrieved on 2006-08-15. 
  7. ^ Crabel Website. About Founder (2006). Retrieved on 2006-08-15.
  8. ^ Crabel Gallery of Romantic Realism (2006). Retrieved on 2006-08-15.

[edit] External links